NOT LISTED FOR SALE

577 Venice Blvd Venice, CA 90291

Venice Neighborhood

Estimated Value: $1,379,000 - $1,537,054

3 Beds
3 Baths
1,510 Sq Ft
$955/Sq Ft Est. Value

Last Sold December 23, 2024

Last sale price $1,359,500 $900 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $8,133/month

About This Home

As of December 2024

An exceptional investment opportunity with this incredible duplex in the heart of Venice! With R3 zoning, there may be possibility to expand to a triplex by converting the spacious garage. Ideally situated just minutes from Venice Beach, the canals, Rose Ave, and Abbot Kinney Boulevard, this property boasts excellent walkability and quick access to Silicon Beach and major freeways. Don't miss your chance to invest in one of LA's most desirable neighborhoods!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Nov 25, 2024
Sold by
Stephen Merjanian Living Trust and Merjanian Nancy F
Bought by
Mcnary Patrick and Freire Gabriel
Seller's Agent
Robert Howell
Keller Williams Beverly Hills
Buyer's Agent
John Katnik
BRC Advisors- BH
List Price
$1,695,000
Sold Price
$1,359,500
Premium/Discount to List
-$335,500
-19.79%
Views
18
Current Estimated Value
$1,442,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,014
Avg. Annual Appreciation
11.08%
Original Mortgage
$1,244,962
Outstanding Balance
$1,240,672
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$202,741

Purchase Details

Closed on
Jan 17, 2019
Sold by
Merjanian Stephen
Bought by
Merjanian Stephen and Stephen Merjanian Living Trust

Purchase Details

Closed on
Jan 2, 2014
Sold by
Merjanian Nancy
Bought by
Merjanian Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
4.49%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Oct 16, 1998
Sold by
Merjanian Stephen
Bought by
Merjanian Stephen and Skillman Nancy F
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcnary Patrick $1,359,500 First American Title
Mcnary Patrick $1,359,500 First American Title
Merjanian Stephen -- None Available
Merjanian Stephen -- Prc Division Of Placer Title
Merjanian Stephen -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnary Patrick $1,244,962
Closed Mcnary Patrick $1,244,962
Previous Owner Merjanian Stephen $2,550,000
Previous Owner Merjanian Stephen $938,250
Previous Owner Merjanian Stephen $325,000
Previous Owner Merjanian Stephen $280,000
Previous Owner Merjanian Stephen L $16,456
Previous Owner Merjanian Stephen $259,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $1,359,500 -12.3% $900 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
10/03/2024 10/03/24 Price Changed $1,549,500 -8.6% $1,026 / Sq Ft
09/11/2024 09/11/24 For Sale $1,695,000 -- $1,123 / Sq Ft

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,717 $126,662 $58,612 $68,050
2023 $1,691 $124,179 $57,463 $66,716
2022 $1,622 $121,745 $56,337 $65,408
2021 $1,591 $119,359 $55,233 $64,126
2019 $1,546 $116,201 $53,596 $62,605
2018 $1,493 $113,931 $52,546 $61,385
2016 $1,414 $109,143 $50,506 $58,637
2015 $1,394 $107,505 $49,748 $57,757
2014 $1,413 $105,400 $48,774 $56,626
Source: Public Records

Agents Affiliated with this Home

  • Robert Howell

    Seller's Agent in 2024

    Robert Howell

    Keller Williams Beverly Hills

    (310) 729-2807

    1 in this area

    95 Total Sales

    Robert Howell
    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Somtochukwu Maduka

    Christie's International Real Estate SoCal

    (310) 505-8292

    1 in this area

    1 Total Sale

    Somtochukwu Maduka
    Section Image
  • John Katnik

    Buyer's Agent in 2024

    John Katnik

    BRC Advisors- BH

    (310) 956-2291

    2 in this area

    72 Total Sales

    John Katnik
    Section Image
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Map

California Los Angeles County Venice 90291 Venice

577 Venice Blvd, Venice, CA

This home is located at 577 Venice Blvd, Venice, CA 90291 and is currently estimated at $1,442,514, approximately $955 per square foot. 577 Venice Blvd is a home located in Los Angeles County with nearby schools including Westminster Avenue Elementary School, Mark Twain Middle School, and Venice High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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